HomeMy WebLinkAboutDevelopment Commission Resolution 2021-03 CENTRAL POINT DEVELOPMENT COMMISSION
RESOLUTION NO. 2021-0)3
A RESOLUTION OF THE CENTRAL POINT DEVELOPMENT COMMISSION
APPROVING A FISCAL YEAR 2021-22 SUPPLEMENTAL BUDGET
Recitals:
A ORS 294.471 (1) (c) allows the governing body to adopt a supplemental budget when
funds are made available by another of federal, state or local government and the
availability of which could not reasonably be foreseen when preparing the original budget
or a previous supplemental budget for the current year or current budget period.
B. ORS 294.463 (1) and (3) allows the transfers of appropriations within fund or between
funds when authorized by ordinance or resolution of the governing body. The ordinance
or resolution must state the need for the transfer, the purpose of the authorized
expenditure and the amount transferred.
C. The Central Point Development Commission was awarded an economic development
grant as an identified ARPA Coronavirus State Fiscal Relief Fund (CSFRF) project
included in Section 74 of House Bill 5006. The grant award is $500,000.
D. In order to complete the Pfaff park restroom replacement project the $50,000 budgeted
as Contingency needs to be transferred to the Capital Outlay expenditure category.
The Central Point Development Commission resolves as follows:
Section 1.
Adjusted
Appropriation Revenues Expenses Appropriation
General Fund $ 1,638.090 $ 1,638.090
Grant Revenue $ - $ 500,000 $ 500,000
Capital Outlay $ 560,000 $ 550,000 $ 1,110,000
Contingency $ 50,000 $ (50,000) $
General Fund - Revised $ 2,138,090 $ 2,138,090
Passed by the Central Point Development Commission and signed by me in authentication of its
passage this 23rd day of September 2021. /
Hank Williams, Chair
Central Point Development Commission
ATTE
- 012461/1
Deanna Casey, Recorder / )